Commonwealth Bankshares Inc Sample Contracts

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Commonwealth Bankshares Inc • November 20th, 2000 • National commercial banks • Delaware
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Guarantee Agreement • June 19th, 2001 • Commonwealth Bankshares Inc • National commercial banks
RECITALS:
Escrow Agreement • June 19th, 2001 • Commonwealth Bankshares Inc • National commercial banks • Delaware
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Commonwealth Bankshares Inc • July 6th, 2001 • National commercial banks • Delaware
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Commonwealth Bankshares Inc • July 6th, 2001 • National commercial banks • Delaware
RECITALS:
Escrow Agreement • July 6th, 2001 • Commonwealth Bankshares Inc • National commercial banks • Delaware
FORM T-1
Commonwealth Bankshares Inc • June 19th, 2001 • National commercial banks
AMENDED EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2009 • Commonwealth Bankshares Inc • National commercial banks • Virginia

THIS AMENDED EMPLOYMENT AGREEMENT (“Agreement”) is made as of May 18, 2004, by and between BANK OF THE COMMONWEALTH, a banking corporation organized under the laws of Virginia (the “Bank”), COMMONWEALTH BANKSHARES, INC., a Virginia corporation (the “Holding “Company”) and STEPHEN G. FIELDS (the “Executive”); the Bank being sometimes hereinafter referred to as the “Employer.”

AMENDED AND RESTATED DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH STEPHEN G. FIELDS
Deferred Supplemental Compensation Agreement • April 14th, 2008 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 11th day of April, 2008, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Stephen G. Fields (hereinafter called “Employee”).

AMENDED EMPLOYMENT AGREEMENT
Amended Employment Agreement • March 16th, 2009 • Commonwealth Bankshares Inc • National commercial banks • Virginia

THIS AMENDED EMPLOYMENT AGREEMENT (“Agreement”) is made as of May 18, 2004, by and between BANK OF THE COMMONWEALTH, a banking corporation organized under the laws of Virginia (the “Bank”), COMMONWEALTH BANKSHARES, INC., a Virginia corporation (the “Holding “Company”) and SIMON HOUNSLOW (the “Executive”); the Bank being sometimes hereinafter referred to as the “Employer.”

AMENDED EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2009 • Commonwealth Bankshares Inc • National commercial banks • Virginia

THIS AMENDED EMPLOYMENT AGREEMENT (“Agreement”) is made as of November 21, 2006, by and between BANK OF THE COMMONWEALTH, a banking corporation organized under the laws of Virginia (the “Bank”), COMMONWEALTH BANKSHARES, INC., a Virginia corporation (the “Holding Company”), and EDWARD J. WOODARD, JR (the “Executive”); the Bank being sometimes hereinafter referred to as the “Employer.”

AMENDED EMPLOYMENT AGREEMENT
Amended Employment Agreement • March 16th, 2009 • Commonwealth Bankshares Inc • National commercial banks • Virginia

THIS AMENDED EMPLOYMENT AGREEMENT (“Agreement”) is made as of November 21, 2006, by and between BANK OF THE COMMONWEALTH, a banking corporation organized under the laws of Virginia (the “Bank”), COMMONWEALTH BANKSHARES, INC., a Virginia corporation (the “Holding Company”), and Cynthia A. Sabol, CPA (the “Executive”); the Bank being sometimes hereinafter referred to as the “Employer.”

UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. STATE CORPORATION COMMISSION BUREAU OF FINANCIAL INSTITUTIONS RICHMOND, VIRGINIA
Commonwealth Bankshares Inc • July 9th, 2010 • National commercial banks

WHEREAS, in recognition of their common goal to maintain the financial soundness of Commonwealth Bankshares, Inc., Norfolk, Virginia (“Commonwealth”), a registered bank holding company, and its subsidiary bank, Bank of the Commonwealth, Norfolk, Virginia (the “Bank”), a state-chartered bank that is a member of the Federal Reserve System, Commonwealth, the Bank, the Federal Reserve Bank of Richmond (the “Reserve Bank”), and the State Corporation Commission Bureau of Financial Institutions (the “Bureau”) have mutually agreed to enter into this Written Agreement (the “Agreement”); and

DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH STEPHEN G. FIELDS
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 18TH day of May, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Stephen G. Fields (hereinafter called “Employee”).

FORM OF COMMONWEALTH BANKSHARES, INC. NONSTATUTORY STOCK OPTION AGREEMENT
Nonstatutory Stock Option Agreement • March 16th, 2009 • Commonwealth Bankshares Inc • National commercial banks • Virginia

The Company hereby grants the Optionee an option to purchase shares of the Common Stock of the Company (the “Company Stock”), subject to the terms and conditions of this Agreement.

FORM OF COMMONWEALTH BANKSHARES, INC. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • March 16th, 2009 • Commonwealth Bankshares Inc • National commercial banks • Virginia

The Company hereby grants the Optionee an option to purchase shares of the common stock of the Company (the “Company Stock”), subject to the terms and conditions of this Agreement.

TERMINATION OF DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH CYNTHIA A. SABOL
Compensation Agreement • May 17th, 2010 • Commonwealth Bankshares Inc • National commercial banks

This Termination of Deferred Supplemental Compensation Agreement made this 31st day of March, 2010, between the BANK OF THE COMMONWEALTH, a Virginia banking corporation, Norfolk, Virginia (hereinafter called the “Bank”) and CYNTHIA A. SABOL (hereinafter called “Employee”).

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TERMINATION OF DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH SIMON HOUNSLOW
Compensation Agreement • May 17th, 2010 • Commonwealth Bankshares Inc • National commercial banks

This Termination of Deferred Supplemental Compensation Agreement made this 31st day of March, 2010, between the BANK OF THE COMMONWEALTH, a Virginia banking corporation, Norfolk, Virginia (hereinafter called the “Bank”) and SIMON HOUNSLOW (hereinafter called “Employee”).

THIRD AMENDED AND RESTATED DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH EDWARD J. WOODARD, JR.
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 20TH day of July, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Edward J. Woodard, Jr. (hereinafter called “Employee”).

TERMINATION OF DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH STEPHEN G. FIELDS
Compensation Agreement • May 17th, 2010 • Commonwealth Bankshares Inc • National commercial banks

This Termination of Deferred Supplemental Compensation Agreement made this 31st day of March, 2010, between the BANK OF THE COMMONWEALTH, a Virginia banking corporation, Norfolk, Virginia (hereinafter called the “Bank”) and STEPHEN G. FIELDS (hereinafter called “Employee”).

AMENDED AND RESTATED DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH SIMON HOUNSLOW
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 18TH day of May, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Simon Hounslow (hereinafter called “Employee”).

TERMINATION OF DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH EDWARD J. WOODARD, JR.
Compensation Agreement • May 17th, 2010 • Commonwealth Bankshares Inc • National commercial banks

This Termination of Deferred Supplemental Compensation Agreement made this 31st day of March, 2010, between the BANK OF THE COMMONWEALTH, a Virginia banking corporation, Norfolk, Virginia (hereinafter called the “Bank”) and EDWARD J. WOODARD, JR. (hereinafter called “Employee”).

DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH CYNTHIA A. SABOL
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 18th day of May, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Cynthia A. Sabol (hereinafter called “Employee”).

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